The Market Shrugs

Well, the big international news is that China has announced North Korea is going to denuclearize. Which is sort of like Elizabeth Holmes announcing that Bill Clinton won’t cheat on his ravishing wife anymore. Two of the least trustworthy countries on the planet making an announcement………..meh, I don’t buy it.

As such, the market doesn’t care either, and it’s shaping up to be an interesting conclusion to an amazing quarter (tomorrow is the last trading day of Q1 2018). If the ES can snap 2600, we could be in for a dynamic day.

The head and shoulders nature of this intraday pattern might conjure up a similar image, should it transpire: